GDP Growth Slowed Further in 1Q As Growth Momentum of Domestic Demand Weakened

Economic Research	13 May 2016
Malaysia
Economic Highlights
GDP Growth Slowed Further in 1Q As Growth Momentum of Domestic Demand Weakened Malaysia’s real GDP grew at a slower pace of 4.2% y-o-y in 1Q 2016, from +4.5% in 4Q and +4.7% in 3Q, above our expectation of 3.9% and the consensus estimate of 4.0%. Domestic demand remained as the key driver of growth, albeit losing momentum in the first three months of the year. As a result, we expect real GDP growth to slow down to 3.9% for 2016, from +5.0% in 2015 and +6.0% in 2014. Economist:  Peck Boon Soon  | +603 9280 2163 Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
To access our recent reports please click on the links below: 13 May: Industrial Activities Ease In March, Pointing To A Slower GDP Growth For 1Q 09 May: Foreign Exchange Reserves Unchanged In April 06 May: March’s Exports Ground To A Near-Halt 3 May: Monetary Aggregate And Loan Growth Eased To Multi-Year Lows 27 Apr: NTP Annual Report 2015: Sustained Commendable KPI Achievements 22 Apr: Business & Consumer Confidence Improved in 1Q, But Remains At A Weak Level